Cheap Apartments for Rent in the Fountain Square Neighborhood of Indianapolis, IN from $500 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fountain Square area of Indianapolis.

Indy's Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Find your dream job and perfect neighborhood in Indy. Discover major companies and the best places to live for young professionals and families, from historic districts to quiet, upscale communities.

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Volrath
Studio to 2 Bedroom Apartments

Volrath

118 Palmer StIndianapolis, IN 46225
Student Housing

Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Discover the heart of the Midwest! Learn about popular Indianapolis neighborhoods to rent like Speedway and Eagledale, plus top universities and can't-miss places to eat.

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550 Fletcher Ave
1 to 3 Bedroom Apartments

550 Fletcher Ave

550 Fletcher AveIndianapolis, IN 46203
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1354 Shelby St
1 Bedroom Apartments

1354 Shelby St

1354 Shelby StIndianapolis, IN 46203

Fountain Square - One of the Best Affordable Neighborhoods in Indianapolis

Named as one of the Best Affordable Neighborhoods to rent in Indianapolis by our Local Expert Wendy Melton. See how it ranks!

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The Vue
Studio to 2 Bedroom Apartments

The Vue

718 E Georgia StIndianapolis, IN 46202
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City's End
Studio to 2 Bedroom Apartments

City's End

1441 Prospect StIndianapolis, IN 46203

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-46, Page 1 of 1

Fountain Square, Indianapolis, IN Local Guide

Cheapest Available Fountain Square Apartments for Rent

 

The cheapest available apartment rental in the Fountain Square area of Indianapolis, IN is a 1 Bed unit found at Volrath priced from $775. Madison Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Fountain Square apartments for rent in Indianapolis, IN:

Apartment ListingModel NameBed/BathPriced From
Volrath1BR/1.0BA1BR,1BA$775
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$899
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1,025
Lofts on MadisonStudio, 1 bathStudio,1BA$1,050
The VueSTUDIO APARTMENTStudio,1BA$1,111
Rise on MeridianSD-AmeliaStudio,1BA$1,284
Mozzo apartments7180A3 - Palma 1x1 - 642 Sqft1BR,1BA$1,299
City's EndCharlotte 1.1Studio,1BA$1,400
The LeoThe Williams1BR,1BA$1,450
Union SquareThe BartonStudio,1BA$1,470

Best Value Apartments for Rent in Fountain Square, IN

As of July 28, 2026 the best value apartment in the Fountain Square area is the $2.00 price per square foot B2 Model at Edge 35 in the in the Concord neighborhood starting from $2,009. The second greatest value Fountain Square apartment is the The Swinton Model at The Leo starting at $1,905 with a $2.20 price per square foot in the Riley neighborhood. Here is today’s list of the best values for Fountain Square apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Edge 35B22BR,2BA$2.00
The LeoThe Swinton2BR,2BA$2.20
PinnexB12BR,1BA$2.06
The VueONE BEDROOM APARTMENT1BR,1BA$1.64
522 Fletcher Ave*ONE FREE MONTH OF RENT* 522 Fletcher Ave - 1 ...1BR,1BA$1.40
Lofts on Madison1 Bed, 1 bath1BR,1BA$2.03
City's EndCharlotte 1.1Studio ,1BA$2.07
Mozzo apartments7180A3 - Palma 1x1 - 642 Sqft1BR,1BA$2.02
Madison Lofts1 Bedroom 1 Bathroom1BR,1BA$1.44
Volrath1BR/1.0BA1BR,1BA$1.29

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Learn About the Best Neighborhoods to Rent Near College Campuses in Indianapolis, IN | Find Charlotte Indianapolis Student Housing at ApartmentHomeLiving.com

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Fountain Square, Indianapolis, IN

Ranked #177

Among cities in Indiana for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Fountain Square Apartments

What is the Cheapest Studio apartment in Fountain Square?

Currently the most affordable Cheap Studio Apartment in Fountain Square is at Lofts on Madison listed at $1,050.

How much is rent for a Cheap One Bedroom Fountain Square Apartment?

The lowest price for a Cheap One Bedroom Fountain Square Apartment is $775 at Volrath.

What is the lowest price for a Cheap Two Bedroom Fountain Square Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Fountain Square is starting from $1,662 at City's End.

What is the most affordable Fountain Square Three Bedroom Apartment?

The best deal on a cheap Fountain Square Three Bedroom Apartment rental is at CityWay and starts from $3,280.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Helpful Local Expert Guides

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Indys Innovation Hub: Top Indianapolis Employers and the Neighborhoods that Welcome You Home

Written by: Wendy Melton

Indianapolis is truly the heart of the Midwest. No matter what career path you choose, opportunities for advancement are everywhere.

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Find Your Indy Home: A Guide to Indianapolis Apartment Rentals and Neighborhoods

Written by: Wendy Melton

My name is Wendy, and I've lived in Indiana for most of my life. Indianapolis is our state capital, and many people consider it the heart of the Midwest. People come from all around to explore everything Indianapolis has to offer.

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Your Guide to Picking the Perfect Indianapolis Neighborhood for Student Renters

Written by: Wendy Melton

Indianapolis is well-known for being one of the top college cities in the country. Local colleges and universities are ranked in the Top 10 when it comes to sports and academic excellence.

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A Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent in Indianapolis

Written by: Wendy Melton

Indianapolis is not only the state capital of Indiana, it’s also a shining example of what Midwestern living is all about. I’m Wendy, your ApartmentHomeLiving.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.